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allmetalworking > News & Topics >China values India`s decision to end trade probe into tires

China values India`s decision to end trade probe into tires
Author: Rubber World Magazine Staff
Source From: Rubber World Magazine
Posted Date: 2009-10-13

Beinjing -- According to an article in chinaview.cn, "China appreciates India`s decision to terminate a trade investigation into Chinese-made passenger cartires, the Ministry of Commerce (MOC) said Saturday. The decision would not only help boost the steady development of bilateral trade ties, but also benefit the downstream businesses of India, the MOC said in a statement on its website. China hoped to increase exchanges and cooperation on trade issues with the Indian government and encouraged dialogue and cooperation among industries for mutual benefit, it said. The Directorate General of Safeguards under India`s Ministry of Finance initiated a safeguard investigation on passenger car tire imports from China in May, according to the statement. A safeguard duty, a temporary relief, usually takes the form of increased duties to higher than bound rate or standard rates or quantitative restrictions on imports. According to Indian government statistics, from April to December last year, India imported 20 million U.S. dollars worth of tires involved in the case from China."

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Original Hyperlink: http://www.rubberworld.com/newsweek.asp?id=13719&date=month..

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About Us: Rubber World Magazine, first published in October 1889, has chronicled the events and technological changes in the rubber industry since its inception. Now, almost one hundred and twenty years later, Rubber World is published sixteen times a year, including four issues of Rubber World`s Product News in tabloid format, providing the most up-to-date technical service information available to today`s rubber chemists and formulators. It gives research and development personnel the most current technical know-how and provides plant engineering personnel with the latest equipment and production technology to produce the high-quality and high performance products demanded by today`s industry.

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